It will run from the late litterateur’s house, Nerala Niketan, on Kalibari Road in the town.

The house, spread over 15 acres, is valued at around Rs 2 crore.

Sub-registrar of the registration department Shahid Jamil Ahmad said the moveable and immovable properties of Shashtri are being registered for the charitable trust following approval of his widow Chaya Devi.

She had petitioned chief minister Nitish Kumar, seeking his intervention, for setting up the trust.

District magistrate Santosh Kumar Mall said the trust would promote literary research on Shashtri and enrich the cause of Hindi language and literature.

Sources said the trust would help students from economically backward families conduct free-of-cost research on Shashtri’s works.

The charitable trust would also preserve books of Shashtri — thousands of them are stored in almirahs at Nerala Niketan — and conduct seminars.